Ekonomi Bölümü Koleksiyonu
Permanent URI for this collectionhttps://hdl.handle.net/20.500.12469/57
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Browsing Ekonomi Bölümü Koleksiyonu by browse.metadata.publisher "Elsevier Science"
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Article Citation - WoS: 55Citation - Scopus: 78Assessing the Importance of International Tourism for the Turkish Economy: a Social Accounting Matrix Analysis(Elsevier Science, 2012) Akkemik, K. Ali; Akkemik, K. AliThe international tourism sector has grown rapidly in Turkey since the 1980s and Turkey ranks among the top ten countries in terms of tourist arrivals and receipts. Previous studies on international tourism in Turkey are partial equilibrium studies which emphasized the importance of the sector for foreign exchange earnings employment creation and economic growth. The social accounting matrix (SAM) modeling approach is superior to partial equilibrium analysis as it takes into account intersectoral linkages. This paper analyzes the contribution of international tourism to the Turkish economy using two SAMs for 1996 and 2002 respectively. Two analyses are conducted using the SAM impact model: (i) sectoral comparison of GDP elasticities and (ii) SAM impact analysis of international tourism on output value-added and employment. The results show that the GDP elasticity of international tourism is relatively low and the impact of foreign tourist expenditures on domestic production value-added (GDP) and employment in Turkey are modest. The results imply the possibility of leakage of foreign tourist expenditures out of the economy. (C) 2011 Elsevier Ltd. All rights reserved.Article Citation - WoS: 9Citation - Scopus: 10Cumulative Prospect Theory Preferences in Rent-Seeking Contests(Elsevier Science, 2018) Keskin, KerimWe investigate the equilibrium behavior for agents with cumulative prospect theory preferences in rent-seeking contests. Characterizing the equilibrium effort levels we present results on the existence of equilibrium and total rent dissipation. (C) 2018 Elsevier B.V. All rights reserved.Article Citation - WoS: 28Citation - Scopus: 36Energy Consumption and Income in Chinese Provinces: Heterogeneous Panel Causality Analysis(Elsevier Science, 2012) Akkemik, K. Ali; Göksal, Koray; Li, JiaRecently energy production in China fell behind energy consumption. This poses important challenges for the rapidly growing Chinese economy. As a consequence the causal relationship between energy consumption and GDP is an important empirical issue. This paper examines Granger causality between energy consumption and GDP in China using province-level data. The current paper extends the Granger causality analysis employed in previous studies by taking into account panel heterogeneity. Specifically four different causal relationships are examined: homogeneous non-causality (HNC) homogeneous causality (HC) heterogeneous non-causality (HENC) and heterogeneous causality (HEC). HC and HNC hypotheses are rejected for causality in either direction from GDP to energy or from energy to GDP which implies that the panel made up of Chinese provinces is not homogeneous. Then heterogeneous causality tests (HEC ad HENC) are conducted for each province. For the causality running from GDP to energy 19 provinces exhibit HEC and 11 provinces exhibit HENC. For the causality running from energy to GDP 14 provinces exhibit HEC and 16 provinces exhibit HENC. The results suggest that the Chinese government should incorporate a regional perspective while formulating and implementing energy policies. (C) 2012 Elsevier Ltd. All rights reserved.Conference Object Citation - WoS: 40Panel Data Analysis of Foreign Direct Investment and Poverty From the Perspective of Developing Countries(Elsevier Science, 2014) Ucal, Meltem ŞengünThe purpose of this paper is to assess the relationship between foreign direct investment (FDI) and poverty at the macro-pathway in selected developing countries. The contribution to host countries from FDI can take several forms such as the transfer of technology human capital development increased competition in domestic markets and the generation of corporate tax revenues among others. The paper develops a data set and an econometric model to analyse FDI flows and poverty relations at the macro level panel data set. Results show that there is statistically significant relationship between FDI and poverty and it is obvious that FDI reduces poverty in selected developing countries. (C) 2014 The Authors. Published by Elsevier Ltd. Selection and peer review under responsibility of Organizing Committee of BEM 2013.Article Citation - WoS: 7Citation - Scopus: 9Time-Varying Fairness Concerns Delay and Disagreement in Bargaining(Elsevier Science, 2018) Karagozoglu, Emin; Keskin, KerimWe study an alternating-offers bilateral bargaining game where players may derive disutility from accepting shares below what they deem as fair Moreover we assume that the values they attach to fairness (i.e. their sensitivity to violations of their fairness judgments) decrease over time as the deadline approaches. Our results offer a new explanation to delays and disagreements in dynamic negotiations. We show that even mutually compatible fairness judgments do not guarantee an immediate agreement. We partially characterize conditions for delay and disagreement and study the changes in the length of delay in response to changes in the model parameters. (C) 2018 Elsevier B.V. All rights reserved.Article Citation - WoS: 3Citation - Scopus: 3Toward a Wider Market Definition in Broadband: the Case of Turkey(Elsevier Science, 2015) Oğuz, Fuat; Akkemik, K. Ali; Göksal, KorayAs broadband Internet transforms the way people connect with others the boundaries between different modes of communications become vague. In recent years the scope of voice and broadband markets has become a matter of concern for both policymakers and researchers. Until recently it was thought that DSL and mobile broadband markets were separate markets and therefore they were separately regulated. However recent empirical evidence in some countries shows that fixed and mobile broadband services are likely to be substitutes. If this is true the definition of the relevant market for broadband has to be expanded to include mobile networks. This implies that they should be subject to the same regulatory framework. In order to follow this change we look into the Turkish broadband market as it is one of the fastest growing in Europe. The paper provides empirical evidence on the existence of fixed-mobile substitution in broadband Internet services in Turkey. We show that fixed and mobile broadband are substitutes in Turkey and they have to be included in the same relevant market definition. As differences between them in terms of speed reliability and price diminish customers increasingly see them as substitutes. These changes in the market environment require a reconsideration of the regulatory environment of fixed and mobile broadband markets. (C) 2015 Elsevier Ltd. All rights reserved.
